Talisker initiated resource conversion drilling onOctober 17, 2023 with 15,000 metres of planned drilling and completed the program onFebruary 15, 2024 .- Hole SB-2023-014 intersected 129.99 g/t Au over 2.00 metres on the BK Vein.
- Hole SB-2023-018 intersected 27.9 g/t Au over 1.1 metres within a broader interval of 7.51 g/t Au over 4.20 metres on the
Prince vein. - Hole SB-2023-012 also intersected 9.29 g/t Au over 2.00 metres on the BK Vein.
- The resource conversion drill program is focused on increasing confidence in the
Alhambra and BK Veins. - A total of 81 drill holes were drilled during the resource conversion program, totaling 14,949 metres.
- All 2023 assays have been received. Currently, there are 2,157 samples from the 2024 Q1 drilling program at the assay laboratory awaiting to be received.
SB-2023-012 Hole Description
- All assays have been received.
- Located in the King block and hosted in diorite intrusive.
- Intersected the BK Vein from 260.60 – 261.25 metres and 263.47 – 266.26 metres.
SB-2023-014 Hole Description
- All assays have been received.
- Located in the King block and hosted in diorite intrusive.
- Intersected the BK Vein from 374.70 – 375.64 metres.
SB-2023-018 Hole Description
- All assays have been received.
- Located in the King block. Hosted in basalt and diorite intrusive.
- Intersected the
Prince Vein from 48.30 – 48.90 metres.
Major vein structures intersected are considered classic Bralorne crack-seal quartz-carbonate veins with densely banded sulphide septae. Crack-seal septae host fine-grained arsenopyrite and pyrite mineralization. Alteration halos consist of strong silica-sericite±mariposite alteration halos.
Table 1: | |||||
From (m) | To (m) | Interval (m) | Au (g/t) | Interpreted Structure | |
SB-2023-012 | 264.2 | 264.75 | 0.55 | 4.18 | BK Vein |
SB-2023-012 | 264.75 | 265.25 | 0.5 | 5.03 | |
SB-2023-012 | 265.25 | 265.75 | 0.5 | 6.22 | |
SB-2023-012 | 265.75 | 266.25 | 0.5 | 16.95 | |
SB-2023-012 | 266.25 | 266.75 | 0.5 | 4.81 | BK Vein Halo |
SB-2023-012 | 266.75 | 267.25 | 0.5 | 9.17 | |
SB-2023-012 | 267.25 | 267.75 | 0.5 | 4.33 | |
SB-2023-012 | 267.75 | 268.25 | 0.5 | 6.11 | |
SB-2023-014 | 374.2 | 374.7 | 0.5 | 0.13 | BK Vein |
SB-2023-014 | 374.7 | 375.2 | 0.5 | 514.00 | |
SB-2023-014 | 375.2 | 375.7 | 0.5 | 4.01 | |
SB-2023-014 | 375.7 | 376.2 | 0.5 | 1.81 | |
SB-2023-018 | 47.8 | 48.3 | 0.5 | 1.99 | |
SB-2023-018 | 48.3 | 48.9 | 0.6 | 49.50 | |
SB-2023-018 | 48.9 | 49.4 | 0.5 | 0.04 | |
SB-2023-018 | 49.4 | 49.95 | 0.55 | 0.06 | |
SB-2023-018 | 49.95 | 50.5 | 0.55 | 0.02 | |
SB-2023-018 | 50.5 | 51 | 0.5 | 0.47 | |
SB-2023-018 | 51 | 52 | 1 | 0.55 | |
Notes: Diamond drill hole SB-2023-012 has a collar orientation of Azimuth 357.5; Dip -57. Diamond drill hole SB-2023-014 has a collar orientation of Azimuth 218.5; Dip -45.5. Diamond drill hole SB-2023-018 has a collar orientation of Azimuth 218.5; Dip -56.5. True widths are estimated at 40 - 90% of intercept lengths and are based on oriented core measurements where available. Method Reported includes the most up-to-date information as of the date of this press release. | |||||
All reported drill assay results are available on the Company’s website.
For further information, please contact:
President and CEO terry.harbort@taliskerresources.com +1 416 357 0227 | Vice President, Corporate Development matt.filgate@taliskerresources.com +1 778 679 3579 |
Qualified Person
The technical information contained in this news release relating to the drill results at the
About
Sample Preparation and QAQC
Drill core at the
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker’s current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.
The forward-looking information contained in this release is made as of the date hereof, and
Figure 1: Plan view showing locations of SB-2023-012, 2023-014 and 2023-018 in relation to the proposed
Figure 2: Cross section showing the SB-2023-012 drill hole intersection on the BK Vein.
Figure 3: Cross section showing the SB-2023-014 drill hole intersection on the FW BK Splay Vein.
Figure 4: Cross section showing the SB-2023-018 drill hole intersection on the
Photos accompanying this announcement are available at:
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https://www.globenewswire.com/NewsRoom/AttachmentNg/650aa05d-845a-415c-bbe2-00e8217ed5c9
https://www.globenewswire.com/NewsRoom/AttachmentNg/2660c244-fc51-46e4-a048-30b5157796bd
Figure 1
Plan view showing locations of SB-2023-012, 2023-014 and 2023-018 in relation to the proposed Mustang Mine development.
Figure 2
Cross section showing the SB-2023-012 drill hole intersection on the BK Vein.
Figure 3
Cross section showing the SB-2023-014 drill hole intersection on the FW BK Splay Vein.
Figure 4
Cross section showing the SB-2023-018 drill hole intersection on the Prince Vein.
2024 GlobeNewswire, Inc., source